Paying taxes after receiving money from PayPal to my Indian Bank account

[Sarina]

I am from India so do i have to pay taxes after receiving my money from PayPal in my Indian bank account or it automatically deducted?, Because I make good amount of money and receives in my bank account from PayPal. And i belive in this year I will make around $100k to $150k so do i have to do anything.

Because I feel nervous that some tax officers or anyone may come home asking about this much money, or something bad happen like getting calls from bank or something (I hope you understand) because everyone knows the government and bank we can't trust and also it's my first time to make this amount of money from online.

 

[cobson]

100k=80 lakh.
Download all paypal FIRA/FIRC.
Get GST Asap.
Apply for LUT in GST.
File ITR.

Contact a CA. Don't delay at all.

 

[Jacyn]

Be careful and consult CA; also, they will ask who is sending the money and for what. If you send all the money, there are high chances that Income Tax officers may come for an inquiry or it may be ED.

 

[cynthe]

Do you think that you'll make that amount of money your first time doing online business? How long does it take to get there? :suspicious:
I hope you'll find way to sort your taxes out.

 

[Erns]

good advice.
Get GST asap.